In investors logic, shifting CD talent within the group is mostly a sign of weakness if your luxury group is already in trouble so not surprised by the stocks dropping.
I agree. Also there were some hopes about Hedi and before the announcement stocks rose a little bit, I think some people bought a little thinking it was going to be Hedi.
And not also it’s a shock for Gucci, it also destabilizes Balenciaga, which was terrible as a brand but more or less stable.
I can’t imagine what they were thinking. This is probably the worst decission they could make. I just don’t understand a single thing. Even Vaccarello would’ve been better. And the contradictory speech Francesca gave a month ago… I just know this was not supposed to be happening. There can be no elevation with a guy like this, I’m sorry. They wanted to follow more or less Sabato’s way.
One day you want to be a classic leathergoods brand and the next day you want to become the most horrific hypebeast brand from 2018? It makes no sense, I am sorry.
The hypebeast and celebrity worlds are so burnt that there’s no way this can work. People are not silly.
Most fashion houses at Kering are run by d!ckheads but what’s happening with Gucci has no precedent probably.
On another note, the number of negative comments in social networks has no precedent either. It’s insane the amount of negativity this announcement is getting. It’s hard to see a supportive comment.
Not even MGC shows for Dior got this kind of hate
I wonder what top management at Kering is thinking at the moment. Did they expect this debacle? They must be nervous.